Crypto Tax — ਪੰਜਾਬੀ ਵਿੱਚ
₹5L profit: ₹1.5L tax.
India Crypto Tax — Budget 2022
- • 30% flat tax on gains — no deductions except cost of acquisition
- • 1% TDS on total sale amount above ₹10,000
- • No loss set-off: crypto losses cannot be set off against any other income
- • No carry forward of losses to next year
Cost of Acquisition
₹4,00,000.00
Sale Amount
₹7,00,000.00
Gross Gain
+₹3,00,000.00
30% Tax on Gain
₹90,000.00
Flat rate, no slab benefit
1% TDS on Sale
₹7,000.00
Deducted by exchange at source
Net Gain After Tax
₹2,10,000.00
After 30% income tax (TDS is advance tax credit)
Effective Tax Rate
30.0%
30% of gain (fixed)
Total Cash Tax Outflow
₹97,000.00
30% tax + 1% TDS (TDS adjustable against total tax)
TDS deducted by the exchange is advance tax — it gets adjusted when you file ITR. Effective total tax outflow = 30% of gain. Consult a CA for accurate filing.
₹5L profit: ₹1.5L tax.
Crypto: 30% flat.
ਅਕਸਰ ਪੁੱਛੇ ਜਾਣ ਵਾਲੇ ਸਵਾਲ
Rate?
30%+cess.
LTCG?
N/A.
ITR?
VDA.
Exchange?
26AS.
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